Description:
•In addition to the reported billings of $538,000 there is an additional $90,000 of covid related work which are non-recurring and not valued. This illustrates the income-generating potential of this practice with a wide client base, which should be very attractive to a buyer. •CPA Practice: Bookkeeping and compilations 51%, Personal tax (T1) 20%, Assurance 16%, Corporate tax returns (T2) 6%, Tax, estate planning and accounting advisory 4%, AgriStability 3% •Excellent cash flow to owner •Firm has been in existence for over 25 years and owner wants to pursue other interests. •Employees, including one CPA, will continue with the buyer •Outgoing partner to offer excellent transition plan to ensure success of buyer •1,900 SF of modern offices in a professional building owned by the seller and available for purchase or long term lease •Owner's first choice and preference is to sell the entire book however the assurance work amounting to $87,000 can be sold separately